Sobrato Office Project in Menlo Park Passes Key Hurdle

The Sobrato Organization, a Silicon Valley real estate icon, is showing its commitment to develop up north on the San Francisco Peninsula—a signal that demand for office space, particularly of the high-tech variety, will remain vigorous into the foreseeable future. In its bid to transform an old industrial site in east Menlo Park into a modern Class A office complex, the company has proposed a public-benefits package that includes building highly sustainable structures, dedicating an easement for a future pedestrian pathway and guaranteeing a minimum of $75,000 in annual sales-tax revenue to the city over a decade.

Link to full article pdf, by Neil Gonzales, The Registry